US-based chip manufacturer Nvidia said in a statement posted on its website on Monday that the Biden administration now seeks to restrict access to mainstream computing applications with its unprecedented and misguided “AI Diffusion” rule, which threatens to derail innovation ...

China's new-energy vehicle (NEV) output and sales in 2024 each exceeded 12 million, topping global rankings for the 10th consecutive year, according to data released by the China Association of Automobile Manufacturers (CAAM) on Monday.

China's Ministry of Commerce (MOFCOM) on Monday expressed firm opposition to US new artificial intelligence (AI) export control measures, noting that the US move will severely damage interests of enterprises worldwide, including those in the US. It also vowed to ...

Several foreign drugmakers have announced debuts for their new drugs in the Chinese market since the beginning of 2025, as the Chinese government continues to push for opening-up in the healthcare sector.

China's State Council, the country's cabinet, on Monday rolled out a total of 18 measures to cultivate new growth areas across cultural and tourism consumption, covering six aspects including launching cultural and tourism vouchers, introducing more cultural and tourism products ...

China's imports and exports grew by 5 percent year-on-year in 2024 to reach 43.85 trillion yuan ($5.98 trillion), with the total foreign trade volume setting a new record high, according to data released by the General Administration of Customs (GAC) ...

China has mastered key technologies for the efficient utilization of niobium resources, enabling the economic development of large-scale niobium-rare earth deposits, industry newspaper China Metallurgical News reported on Monday.

China and the UK reached 69 mutually beneficial and win-win outcomes during the just-concluded 11th China-UK Economic and Financial Dialogue held in Beijing on Saturday, with both sides emphasizing their shared dedication to multilateralism and economic globalization, according to the ...

In 2024, China's auto production and sales saw steady growths, both setting new records, according to data released by the China Association of Automobile Manufacturers (CAAM) on Monday.

China produced and also sold over 12 million new-energy vehicles (NEVs) in 2024, leading the global NEV market for the 10th straight year, China Media Group (CMG) reported on Monday, quoting sources from China Association of Automobile Manufacturers (CAAM).

The trade relationship between China and the European Union (EU) demonstrated resilience in 2024 despite some trade frictions, as their bilateral trade reached 5,591.5 billion yuan ($762 billion), marking a modest 1.6-percent rise from a year earlier, data from the ...

China's trade with the US in 2024 grew 4.9 percent year-on-year to 4.898 trillion yuan ($668. 06 billion), data from the General Administration of Customs (GAC) showed on Monday. Wang Lingjun, deputy director of the GAC on Monday said that ...

The risks exposed by China's real estate market have significantly eased off, and the market is seeking a new equilibrium, Pan Gongsheng, governor of the People's Bank of China, the country's central bank, said on Monday.

Responding to a media inquiry about the US government's assertion that China's exports face an "overcapacity issue," Wang Lingjun, deputy director of the General Administration of Customs (GAC), stated on Monday that Chinese manufacturing remains highly competitive and widely popular ...

China does not deliberately seek a trade surplus, with current GDP ratio of trade surplus remaining within reasonable range, and the country will continue to promote its opening-up policy to enable trade partners to share in the opportunities of China's ...

China on Monday adjusted a critical macro-prudential management parameter to 1.75 aiming to enhance cross-border financing options for companies and financial institutions, an official statement said.

China's imports and exports grew by 5 percent year-on-year in 2024 to reach 43.85 trillion yuan ($5.98 trillion), with the total volume hitting a new record high, according to data released by the General Administration of Customs (GAC) on Monday.

As Chinese people prepare to celebrate the impending Chinese Lunar New Year – the Year of the Snake according to Chinese zodiac – which falls on January 29 this year, many foreign companies from various industries including services, luxury goods, ...

Taiwan Semiconductor Manufacturing Co (TSMC) has begun producing advanced 4-nanometer chips for US customers in Arizona, Reuters reported on Friday. While the move was hailed by Reuters as "a milestone in the Biden administration's semiconductor efforts," the ramifications for the ...

The Silk Road Maritime Association (SRMA), based in East China's Fujian Province, handled nearly 5 million 20-foot equivalent units (TEUs) of cargo in 2024, China Media Group reported on Sunday, citing data released by local transport authorities.

China's National Financial Regulatory Administration (NFRA) held a regulatory work meeting for 2025 on Sunday and vowed to implement risk prevention measures in an orderly way and strengthen regulation, as part of the continuous efforts in promoting high-quality financial development.

The national commerce work conference was held in Beijing from Saturday to Sunday, during which officials set priorities for 2025, emphasizing efforts to stimulate consumption and stabilize foreign trade, two important drivers for economic growth, according to the Ministry of ...

The Global Times learned on Sunday that Air Serbia and Trip.com Group are expected to sign a memorandum of understanding (MoU) on Monday. Air Serbia said that it will further expand strategic cooperation with the Chinese online travel agency (OTA) ...

During a Sunday meeting with visiting UK Chancellor of the Exchequer Rachel Reeves, who attended the 11th China-UK Economic and Financial Dialogue in Beijing on Saturday, Shanghai Mayor Gong Zheng said that he hopes to strengthen exchanges between the city ...

China's General Administration of Customs (GAC) on Sunday unveiled 16 measures in five critical areas to accelerate the rise of the country's central region in the new era. These initiatives seek to strengthen the region's role as a competitive inland ...

An index tracking the development of China's small and medium enterprises (SMEs) edged up in the fourth quarter of 2024, driven by the growing impact of the government's supportive monetary and fiscal policies.

Air Serbia flight JU986 landed at Shanghai Pudong International Airport at 6:47 pm on Saturday, receiving a ceremonial water salute, marking the launch of the first direct flight route between Shanghai and Belgrade, the capital of Serbia, CMG reported on ...

Two Chinese high-speed railways with trains running at 350 kilometers (km) per hour are making important progress in construction.

The Biden administration plans to finalize rules next week aimed at cracking down on Chinese vehicle software and hardware, US Commerce Secretary Gina Raimondo told Reuters. However, for Chinese car makers and companies in the supply chain, the impact will ...

The US Supreme Court has begun hearing two-hour oral arguments at around 10 am (US time) on Friday regarding the future of TikTok in the US, an audio livestreaming on the court's website showed. In the next two hours, the ...

The size of China's fiscal deficit will increase significantly in 2025, Liao Min, vice minister of finance, told a press conference on Friday.

The global gold market recorded its best performance in more than a decade last year. Analysts expect the rally is likely to continue through 2025, driven by multiple bullish factors. Central banks, in particular, are expected to be the dominant ...

While acknowledging Nobel economist Daron Acemoglu's innovative contributions to institutional economics, Zhang Xiaojing, director of the Institute of Finance and Banking at the Chinese Academy of Social Sciences, noted that applying general theories to specific countries or systems without considering ...

The Ministry of Commerce (MOFCOM) has decided to initiate a sunset review investigation on the countervailing measures applicable to imported solar-grade polysilicon originating from the US, starting from January 14, 2025, MOFCOM announced on Friday.

A private Chinese space start-up announced on Friday that it has completed ground hot-fire tests for the auxiliary propulsion system of liquid rocket engines of Leap-1 launch vehicle. The company Cosmoleap claimed that Leap-1 launch vehicle could be China's first ...

The People's Bank of China (PBC) announced on Friday that it has decided to temporarily suspend treasury bond purchases in the open market, starting from this month.

As agreed between China and the UK, the 11th China-UK Economic and Financial Dialogue will be held on Saturday in Beijing, China's Foreign Ministry Spokesperson Guo Jiakun announced on Friday.

China has made major uranium exploration breakthroughs, discovering a substantial uranium deposit in the Jingchuan area of the Ordos Basin, which is located in the northwestern region of the country, the China Geological Survey under the Ministry of Natural Resources ...

The world's first carbon fiber metro train named "CETROVO 1.0 Carbon Star Express," independently developed by China, has begun passenger service on the Metro Line 1 of Qingdao, East China's Shandong Province on Friday, according to a report by the ...

The People's Bank of China announced on Friday that it has decided to temporarily suspend treasury bond purchases in the open market, starting from this month.

US President Joe Biden's administration's plan to issue an interim final rule related to export controls of artificial intelligence (AI) chips poses potential risks to the US' global leadership in AI that "cannot be emphasized enough," a senior executive of ...

The Office of the United States Trade Representative (USTR) has removed Tencent's WeChat from its so-called Notorious Markets List for 2024, according to the USTR Office's website on Wednesday. Tencent was included in the 2023 list.

At the beginning of 2025, #China's central bank signals a commitment to leveraging a mix of monetary policy tools to maintain yuan stable at adaptive and balanced level. China has the fundamentals, conditions, and capabilities to achieve the goal despite ...

An increasing number of examples indicate that the key to the EU's green transition lies not in imposing trade barriers, but rather in effectively expanding the green consumption market.

The world's first 300-megawatt compressed air energy storage (CAES) demonstration project, "Nengchu-1," has achieved full capacity grid connection and begun generating power in Yingcheng, Central China's Hubei Province, a milestone for China's energy storage technologies.

China's Ministry of Commerce (MOFCOM) announced on Thursday that it has determined that the practices adopted by the EU in its investigations of Chinese enterprises based on the Foreign Subsidies Regulation (FSR) and its implementing rules constituted trade and investment ...

China's civil aviation industry saw a strong recovery in 2024 as it made a profit, and it has set higher goals for 2025, vowing to further increase profitability.

Chinese localities have defined their local economic growth targets for 2025 and outlined key tasks to bolster their economies, as multiple cities hold local people's congresses while releasing local government work reports.

Ministry of Commerce (MOFCOM) announced Thursday that China has signed 23 Free Trade Agreements (FTAs) with 30 countries and regions on five continents, while continuing to expand and enhance its FTA network. Recent agreements feature improved scope and quality, including ...

At the ongoing Consumer Electronics Show (CES 2025) in Las Vegas, multiple humanoid robots developed by Chinese companies came under the spotlight amid global AI craze, highlighting China's front-runner position in cutting-edge technology innovation.

A spokesperson for the Chinese Ministry of Commerce (MOFCOM) said on Thursday that if foreign-invested enterprises encounter any difficulty or problem in their investments and operations, they are welcome to report them through various platforms and the MOFCOM will strive ...

China's Ministry of Commerce (MOFCOM) said on Thursday that it is soliciting public feedback on proposed adjustments to a catalogue of technologies that are subject to export bans or restrictions, with battery cathode material preparation technology included, and the adjustment ...

China's Ministry of Commerce (MOFCOM) said on Thursday that the EU's investigations into Chinese enterprises based on the Foreign Subsidies Regulation (FSR) have many unreasonable practices, which have constituted trade and investment barriers, and the ministry will ask the EU ...

China's Ministry of Commerce (MOFCOM) said on Thursday that Regional Comprehensive Economic Partnership (RCEP) has bolstered China's foreign trade and ramped up its influence in the past three years.

The Office of the United States Trade Representative (USTR) has removed Chinese social media leader Tencent's WeChat from its so-called Notorious Markets List for 2024, according to the USTR's website on Wednesday. The company was included in the 2023 list.

China's consumer price index (CPI), a main gauge of inflation, was up 0.1 percent year-on-year in December, according to data released by the National Bureau of Statistics (NBS) on Thursday.

China's consumer price index (CPI), a main gauge of inflation, rose 0.2 percent year on year in 2024, official data showed Thursday.

China's Ministry of Commerce (MOFCOM) announced on Thursday that it has determined that the practices adopted by the EU in its investigations of Chinese enterprises based on the Foreign Subsidies Regulation (FSR) and its implementing measures constituted trade and investment ...

Washington's “small yard and high fence” strategy appears increasingly unsustainable, as the growing rift between the US government's containment policy and the interests of American tech businesses has become public and irreconcilable.

In the face of increasing uncertainty in the global economic and financial landscape, China's foreign exchange and gold reserves, as well as the performance of the yuan, have attracted wide attention in international markets. While Western media outlets often focus ...

On January 7, the 2025 Urban Innovation Development and International Cooperation Conference, hosted by the Small and Medium-Sized Cities Development Committee of the China Research Society of Urban Development (CRSUD), was convened in Shenzhen. Attendees engaged in lively discussions and ...

The 2025 Consumer Electronics Show (CES), the world's premier tech show, officially kicked off in Las Vegas, the US on Tuesday. The annual event, running from Tuesday to Friday, has drawn more than 4,500 exhibitors from more than 160 countries ...

China's express deliveries totaled 174.5 billion parcels in 2024, up 21 percent over a year earlier. The sector's business revenues reached 1.4 trillion yuan ($191.1 billion), representing a year-on-year rise of 13 percent, the State Post Bureau (SPB) said on ...

Shanghai released an action plan on Wednesday to encourage the set-up of wholly foreign-owned hospitals in a trial program to promote the opening-up of the healthcare industry. The move is part of China's broader efforts to further open its services ...

The Central Economic Work Conference held in December 2024 prioritized vigorously boosting consumption. The meeting highlighted that work is needed to innovate diversified consumption scenarios, expand service consumption, and promote the development of cultural tourism. Amid China's transformation and upgrading ...

Chinese and global companies, as well as people from all walks of life have donated money and goods to support the earthquake relief efforts and help disaster-affected people in Dingri county, Xigaze, Southwest China's Xizang Autonomous Region, which was jolted ...

The Annual Conference (AC) of the Boao Forum for Asia (BFA), which is scheduled to be held in Boao, South China's Hainan Province from March 25 to 28, is expected to gather thoughts, form consensus and strengthen cooperation in promoting ...

China's new-energy vehicle (NEV) market penetration surpassed 50 percent in December, marking another milestone. The NEV sales have topped 50 percent for seven consecutive months so far, a top economic planning official said.

Self-driving trips are projected to dominate the 2025 Spring Festival travel rush, expected to reach 7.2 billion trips and make up approximately 80 percent of all cross-regional journeys, according to a press conference held by the State Council Information Office ...

China Eastern Airlines' flight MU2335 departed from Shanghai Hongqiao International Airport on Wednesday, with a stop in Xi'an before arriving at Lhasa. The flight transported 13 medical staffers from Shanghai and 7.45 tons of relief supplies, including cotton-padded clothes and ...

China's Ministry of Natural Resources announced on Wednesday that the measured and indicated lithium reserves in the country have increased significantly, rising to account for 16.5 percent of all global resources from the previous 6 percent.

A technology industry group representing companies like Amazon, Microsoft and Meta on Tuesday urged President Joe Biden's administration to refrain from issuing a last-minute rule that would control global access to AI chips, warning the restrictions would jeopardize US leadership ...

China plans to raise fund appropriations from selling the ultra-long special treasury bonds to support consumer goods trade-in and large-scale equipment upgrading programs in 2025, senior Chinese officials said on Wednesday.

The Eco Salerno departs from the Yantai Port in East China's Shandong Province for Europe after completing its cargo loading on January 7, 2025. The ship, built by China Merchants Jinling Shipyard for Italian shipping giant Grimaldi Group, uses the ...

China's proposed export restrictions on lithium battery cathode material preparation technology and lithium extraction technology is designed to safeguard China's core technologies and provide clear guidance for companies engaging in international technology exchange, Zhang Jiangfeng, vice president of the lithium ...

China's e-commerce logistics index averaged 113.7 points in 2024, up 3.6 points compared with the previous year, hitting a near seven-year high, industry data showed on Tuesday, as the country's online consumption registered robust expansion.

The Communist Party of China (CPC) Central Committee and the State Council have unveiled a guideline to deepen reforms in eldercare services, with an emphasis on integrating the latest technologies to boost service standards in the sector and maintaining a ...

China's top economic planner, the National Development and Reform Commission (NDRC), on Tuesday released a guideline for building a unified national market, setting clear prohibitions against practices such as local protectionism or putting up regional barriers.

The Chinese Foreign Ministry on Tuesday urged the US to immediately correct its wrong practices and lift illegal unilateral sanctions and long-arm jurisdiction on Chinese companies, after several Chinese tech companies including Tencent and battery maker CATL were added to ...

The State Council Information Office held a press conference on Tuesday to introduce a newly issued document aimed at strictly regulating administrative inspections of companies, with a senior official saying that the document aims to address prominent issues in such ...

Although the gap between South Korea's exports to China and those to the US is narrowing, the economic ties between China and South Korea are undeniably crucial, forming a relationship that cannot be easily substituted by any of South Korea's ...

A number of economic powerhouse provinces have announced plans to get the economy off to a good start in the first quarter, with supportive measures covering consumption, investment and an improved business environment.

Western media outlets repeatedly use the logic of traditional Western economics to explain the economic challenges currently faced by China. Such biased and misunderstood judgments will eventually be proved wrong by the reality of China's development.

Editor's Note: The tone-setting Central Economic Work Conference held at the end of 2024 outlined nine key economic tasks for 2025. The meeting efforts should be made to drive the development of new quality productive forces through scientific and technological ...

China's Ministry of Industry and Information Technology (MIIT) on Tuesday announced the launch of pilot projects for 10-gigabit optical networks, including trials for the establishment of "10-gigabit communities."

A spokesperson from China's Ministry of Commerce stated on Tuesday that the US is groundlessly suspecting unmanned aerial systems from China and other countries of posing information security risks without any factual basis, which is extremely irresponsible.

China's Ministry of Commerce (MOFCOM) on Tuesday expressed firm opposition to the US' addition of 11 Chinese companies to its "Entity List" citing so-called military-related reasons, urging the US to immediately stop its wrongdoing and vowing to take necessary measures ...

We urge the US to immediately correct its wrong practices and lift illegal unilateral sanctions and long-arm jurisdiction on Chinese companies, the Chinese Foreign Ministry spokesperson said on Tuesday.

The People's Bank of China (PBC), the country's central bank, is planning to issue a new round of offshore yuan bills in Hong Kong Special Administrative Region (HKSAR) at a record scale in January to expand the supply of high-credit-rating ...

China's valid domestic invention patents reached 4.756 million in 2024, as revealed during a conference hosted by the China National Intellectual Property Administration (CNIPA), according to a report by China Media Group (CMG) on Tuesday. The figure highlights China's sustained ...

Chinese Vice Premier He Lifeng on Tuesday held talks via video link with US Treasury Secretary Janet Yellen, with both sides agreeing to maintain communication, manage differences and continue stabilization of China-US economic relations during the political transition period in ...

Chinese tech company Tencent Holdings on Tuesday refuted its inclusion on a blacklist issued by the US Department of Defense over allegations of aiding Chinese military, stating that the “inclusion on this list is clearly a mistake.”

Mechanicians at China Railway Xi'an Group Co in Northwest China's Shaanxi Province check a bullet train to ensure its normal operating condition on January 6, 2025. The 40-day Spring Festival travel rush in 2025 will begin on January 14 and ...

The ongoing concerns over China-US soybean trade despite relatively stable purchasing data may be seen as a microcosm of the uncertainties the US has brought to bilateral trade.

Japan is set to start a government-backed effort to promote light-based telecommunications technology to US tech giants, Nikkei Asia reported on Monday. However, if the report proves accurate, this ambitious effort may confront a range of challenges, even with Japan's ...

The Ministry of Transport on Monday released the trial code of practice for fully automated urban railway transportation systems to better guide their technological development.

A number of Chinese mainland-based brokerages, including GF Securities, CITIC Securities and China Galaxy Securities, successfully executed their transactions under the cross-boundary Wealth Management Connect (WMC) pilot program on December 4, marking the first inclusion of securities firms in the ...

A rapid container cargo train left South China's Guangzhou bound for Chengdu, capital of Southwest China's Sichuan Province on Monday, as the first demonstration rapid rail transportation channel was officially launched, according to state broadcaster CCTV.

The Supreme People's Court of China on Monday issued guidelines to enhance judicial safeguards for sci-tech innovation achievements. The guidelines present 25 measures across six key areas aimed at strengthening judicial support for technological advancements, China Media Group reported.

Recently, State Grid Henan Electric Power Company has started using an icing monitoring and alarm platform for new energy generator sets, successfully completing three rounds of icing monitoring and alarm during rain, snow, and freezing weather.